Unlike blockchains that use native tokens to pay fees directly for each transaction, EOS and Antelope blockchains use the Resource mechanism: RAM, CPU, NET. In which RAM is what stores interactive data on network.
2 days ago, the EOS network consensus determined RAM fixation, which caused RAM prices in the market to increase.
On December 18th, according to relevant page information, the EOS node has executed the SETRAMRATE proposal, which suggests stopping RAM issuance and changing the RAM rate parameter to zero. As a result, EOS RAM has stopped inflating.
Source: EOS nodes implement the proposal to stop the additional issuance of EOS RAM, and RAM’s weekly increase exceeds 250% (https://www.cointime.ai/flash-news/eos-nodes-implement-the-proposal-to-stop-the-additional-issuance-of-eos-ram-40185)
(https://i.imgur.com/CM6cKfJ.jpg) (https://newdex.io/resources/ram)
That means users will need more EOS to buy RAM, which will be locked into the EOS-RAM contract.
From a supply-demand perspective, when RAM is limited, the amount of EOS used to buy RAM will increase, the number of locked EOS will increase and reduce the supply in circulation, reducing buying pressure and will support EOS price push in the long term.
I really look forward to the return of this Blockchain 3.0, especially when it is the only blockchain that is not negatively affected by the Inscription wave. Currently it can serve tens of millions of transactions per day without any problems.
What is your opinion on EOS's Resources mechanism? Will this mechanism drive EOS price increase in the 2024-2025 bullrun so that EOS has a new ATH?
In this EOS Coin Blockchain to buy RAM how much is USD?
Is buying RAM with 1 USD enough for some token transactions on the EOS Coin Blockchain network?
If not enough 1 USD, how much do you need?? Don't say if we put 10 USD or more to buy RAM at the EOS Coin Blockchain because I think it is very expensive.
Because I see for the "transaction fee" problem section a lot of members who have obstacles if you have to pay a transaction fee that is so expensive like Ethereum coins.
RAM can only be purchased with EOS, RAM prices are determined by Bancor in EOSIO RAM Market & Bancor Algorithm (https://bytemaster.medium.com/eosio-ram-market-bancor-algorithm-b8e8d4e20c73).
You can track RAM prices here: https://eosauthority.com/wallet/ram
(https://talkimg.com/images/2024/01/23/kGYHd.png)
This means users will need to have EOS in their account to buy RAM, then pay in RAM (+ CPU + NET ~ free by PowerUp) for transaction fees. Currently the transaction fee on EOS is still very cheap, I think it's only about $0.007 per transaction.